SalaryNode

Average All Occupations Salary in Florence, SC

The average annual salary for All Occupations in Florence, SC stands at $53,800, which is notably below the national average of $67,140. This disparity is often influenced by regional economic factors, industry concentration, and the overall demand for labor within the Florence area. Understanding these local dynamics is crucial for assessing earning potential.

Executive Summary

  • Average Salary: $53,800 per year.
  • Growth Trend: Salaries have shifted 21.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $95,010.
  • Outlook: Florence, SC boasts a substantial local workforce of 89,940 individuals, with 1,000 jobs per thousand workers. The Location Quotient of 1.0 indicates that the concentration of All Occupations in Florence is on par with the national average, suggesting a stable and consistent presence of these roles within the local job market.
2024 Market Data

Salary Overview

$53,800

The average All Occupations in Florence, SC earns-19.9%below the national average.

BreakdownBased on 40h/week
Hourly

$25.9

Weekly

$1,035

Monthly

$4,483

All Occupations Salary Distribution in Florence, SC

Career progression in All Occupations within Florence, SC, typically sees a significant salary increase from entry-level to senior positions. While exact figures vary, experienced professionals can expect to earn substantially more than their junior counterparts, with percentile gaps reflecting the value placed on accumulated skills, expertise, and leadership responsibilities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$23,130$11.1
ExperiencedProficient professional working independently.25% (Junior)$40,350$19.4
Mid-LevelEstablished expert. Standard market value.50% (Median)$40,200$19.3
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$67,250$32.3
Top TierIndustry leader / Executive level compensation.90% (Expert)$95,010$45.7

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$53,800

Gross Pay

Real Wage (Purchasing Power)

$53,800

Adjusted for COL (100)

With an average annual salary of $53,800 and a Cost of Living Index of 100 (matching the national average), the nominal income in Florence, SC offers purchasing power equivalent to the national standard. This means that while the salary is lower than the national average, the cost of goods and services locally is also at the national average, providing a balanced economic environment.

Job Market Context

89,940

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Florence, SC has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

A Location Quotient of 1.0 for All Occupations in Florence, SC signifies that the representation of these jobs in the local economy is precisely aligned with the national average. This suggests a balanced job market where demand and supply for these roles are relatively stable, without significant over- or under-representation compared to the rest of the country.

Nearby Job Markets

Nearby Cities for All Occupations

CitySalaryDist.
Sumter, SC All Occupations Salary$51,930↓ 3%38 mi
Myrtle Beach-Conway-North Myrtle Beach, SC All Occupations Salary$47,560↓ 12%61 mi
Columbia, SC All Occupations Salary$57,590↑ 7%64 mi
Northwestern South Carolina nonmetropolitan area All Occupations Salary$51,470↓ 4%70 mi
Northeastern South Carolina nonmetropolitan area All Occupations Salary$48,090↓ 11%70 mi

Comparing salaries near Florence, SC

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Florence, SC?

The median annual salary for a All Occupations in Florence, SC is $53,800. This typically ranges from $23,130 for entry-level positions to $95,010 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Florence, SC is 19.9% lower than the national median of $67,140.

Is Florence, SC a lucrative place for All Occupationss?

No, not particularly lucrative compared to the national average.The average salary of $53,800 is significantly lower than the national average of $67,140. However, the cost of living is also at the national average, meaning the purchasing power is comparable.

Is Florence, SC a good place to live for All Occupations?

The Cost of Living Index in Florence, SC is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Florence, SC?

Some top paying nearby cities include Sumter, SC ($51,930) and Myrtle Beach-Conway-North Myrtle Beach, SC.

What is the average salary for All Occupations in Florence, SC?

The average annual salary for All Occupations in Florence, SC is $53,800.

How does Florence, SC's cost of living compare to the national average?

Florence, SC has a Cost of Living Index of 100, which is exactly the national average.

How many All Occupations jobs are there per 1,000 workers in Florence, SC?

There are 1,000 jobs per 1,000 workers for All Occupations in Florence, SC, indicating a national average concentration.

What is the total workforce size in Florence, SC?

The total local workforce in Florence, SC is 89,940 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 89,940 employees in the Florence, SC area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Florence, SC